<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 7 Financial Statements for the nine months ended September 30, 1999 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 33,425 <SECURITIES> 0 <RECEIVABLES> 583,278<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 398,203 <PP&E> 23,100,891<F2> <DEPRECIATION> (14,028,316)<F3> <TOTAL-ASSETS> 10,087,481 <CURRENT-LIABILITIES> 731,326 <BONDS> 10,246,731<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (890,576)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 10,087,481 <SALES> 0 <TOTAL-REVENUES> 2,954,900<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,725,920<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 660,437 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (431,457)<F8> <EPS-BASIC> 0<F8> <EPS-DILUTED> 0<F8> <FN> <F1>Includes all receivables included in "prepaid expenses and other assets" on the Balance Sheet. <F2>Multi-family complexes of $22,785,239 and deferred expenses of $315,652. <F3>Accumulated depreciation of $13,866,544 and accumulated amortization of $161,772. <F4>Represents mortage notes payable. <F5>Total deficit of the General Partners of ($308,768) and of the Limited Partners of ($581,808). <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $1,254,796, real estate taxes of $327,584 and depreciation and amortization of $1,143,540. <F8>Net loss allocated $(4,315) to the General Partners and $(427,142) to the Limited Partners. Average net loss per Unit of Limited Partner interest is $(15.71) on 27,184 Units outstanding. </FN>